Jim Talent’s in Trouble
24 October 2006 6:00 am by Taylor Marsh
Jim Talent Busted
Bush's buddy Jim is in trouble. Blockbuster stuff from FiredUpMissouri.
In August, Senator Jim Talent was personally involved in publicly boosting
an biofuel start-up's efforts to raise capital through the illegal sale of
unregistered securities. Paseo Biofuels has admitted breaking the law with
its solicitations at the same time Jim Talent was heartily endorsing and supporting
Paseo's project.The Office of Secretary of State today announced that it has entered into
a consent agreement with Paseo Biofuels LLC as punishment for that outfit's
illegal sale of unregistered securities in connection with its construction
of a biodiesel plant in Kansas City. Paseo Biofuels agreed to pay fines for
having sold interests in its biodiesel facility without registering with the
state to sell those securities. … …(snip)
But why would Talent take the risk of putting his personal stamp
of approval on illegal securities transactions? A cynical observer might suggest
that Talent's assistance to Paseo Biofuels has something to do with the fact
that two big political supporters –Dale Ludwig and David Durham– stand to
benefit financially from Paseo's success. Ludwig is the registered agent and
organizer of Paseo Biofuels LLC. Durham is Paseo's chairman. … …Exclusive:
Jim Talent Assisted in Illegal Sale of Biofuel Securities
